Saturday, February 12, 2011

Sprint Nextel sets opening-weekend sales records with Palm Pre - Kansas City Business Journal:

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That’s roughly 50,000 to 100,000 phones, analysts estimated. Sprintf launched the Palm Pre on breaking first-day and first-weekend sales records for a Sprint S) device, the company said in a release, thoughn it gave no specifics. More than 150,00o0 applications were downloadedfrom phone-maker ’s (Nasdaq: PALM) App Catalof on Saturday, according to a Monday blog entry on the Palm Web “Sprint is a very different company than it was 12 monthe ago,” Sprint CEO Dan Hesse said in the “Palm Pre is the coming-out partyt for the new Sprint.
” Sales in the first two days probabl exceeded 50,000 phones, compared with 146,000 for the first iPhone, whichb debuted in 2007, analyst Paul Costerf said in a Monday note abouf Palm. Sales probably were limited by manufacturing capacituy constraintsor Palm’s balance sheet, he Although Sprint analysts predicted strong sales this year and upgradesz by Sprint customers, some doubted that the Pre couldf help Sprint pull many customers from larger competitors (NYSE: T) and . Sprint, the No. 3 wirelesw carrier, has about 49 million analyst John Hodulik predicted that Sprint woulxdsell 1.
6 million Pre phones this year, which with cannibalization and 70 percent upgrades could mean the additiomn of 330,000 incremental gross subscribers. Analyst Christopher Larsen with labele d the phonethe “first true competitor to the “We believe its weekend launch was a success, but that the buzz and excitemenrt was well short of the initial launch of the iPhone,” he said in a Mondau note. The Pre has created plenty of buzz in the pastseveral months, though Palm and Sprint kept the device underf wraps.
The touch-screen smartphone features a slide-out keyboard and a new operatinyg system, webOS, that has the capacity for functionxs such as integrating contacts and calendars from multiple locationx and operating multiple applications Sprint hasn’t revealed how long it has the exclusivse on the phone but has confirmesd that it’s at least through the end of the Two days after the Pre launch, (Nasdaq: and AT&T said the new iPhone 3G S woulr launch June 19 for $199 with a two-year servicr contract. Prices of the current iPhon 3G have been cutto $99 with the The Pre sells for $200 aftetr a $100 mail-in rebate and with a two-year servicw contract.
Sprint said its Simply Everything which offersunlimited voice, data and texting, saves customers $1,200 or more compared with similar plan by competitors. Sprint has been orchestratingta turnaround, attempting to reverse several quarters of customee losses. The company lost about 4.1 million contract subscribers last Sprintranks No. 1 on the Kansasz City BusinessJournal ’s list of the area’s top public

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